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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (29594)	1/7/2008 8:28:31 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78549

"Maybe the positive way to look at holding mutuals is if you believe that there is some area that you have to invest into, but you don't have expertise in that area." That's what I'm doing. For example Indonesia Fund and India Fund, where the individual stocks don't trade easily for me, and also importantly, are tough for me to get financial info. about or come to some comfort level with. (aside: I do like the heavy weighting in Indonesia Fund's telecom stock though.) etfconnect.com etfconnect.com And some of these funds do mysterioso things with their holdings. Such that - for example - RIT can yield out 15% when none of its holdings (that I see -- and I could miss a lot) has such a great yield (and the discount of RIT to nav doesn't seems so great as to give that great yield by itself I am suspecting.) So fund guys are leveraging somewhere in there, I presume. Ergo risky. The yield, etc. attract though. etfconnect.com -------- For me with so many positions, buying most funds now I'd be looking at now means I'd just be adding to a bunch of positions I've previously established at earlier prices. I'm not willing to do that (add) en masse. I suspect that might be so also for others here with some funds too - like FAIRX. Somebody here who might look at FAIRX now already might have a position in BRK. Maybe also CNQ, mentioned here a few times at lower price than now. (I'm in.) Maybe LUK too, mentioned here before and on Buffettology thead. (I have LUK too.) LUK owns a slug of EMN, so FAIRX double owns it by itself (EMN) and by having LUK. PWE too FAIRX has, and PWE has been mentioned here several times. So somebody buying FAIRX maybe isn't exactly late to the party (unless the party (market) is crashing), but the person here who's considering buying FAIRX now already had many opportunities to buy these stocks, maybe has bought these stocks. So FAIRX's attractiveness - with its nav consisting of roughly 50% in these stocks - is diminished now. (Not criticizing FAIRX - just is an example for me, why it holds no buying attraction. Although I am interested in what they next purchase or sell.)